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Citadel buys majority of Situational Awareness public equity book

Reported · Written up by our desk · Hedge Funds

Ken Griffin’s Citadel has acquired the majority of the public equity portfolio held by AI-focused hedge fund Situational Awareness, following significant losses, according to a Reuters report carried by Hedgeweek.

The deal comes after a sharp reversal in technology stocks that forced Situational Awareness to reduce risk materially, setting up the shift in its public equity exposure.

The acquisition reflects how losses in a concentrated market segment can trigger major portfolio unwinds in hedge fund strategies focused on AI and technology.

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